3, SPELMAN WAY, NARBOROUGH, KING'S LYNN, PE32 1WH - £240,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

3 SPELMAN WAY is a midsized detached house of 81m², which could now be worth an estimated £272,034. It was last sold for £240,000 in August 2021, which was around 27% below the average August 2021 detached price in the Breckland local authority area. The most recent EPC inspection was June 2017, where the current energy rating was B, and the potential energy rating was B.

3 SPELMAN WAY Sold Prices

Land registry data shows two sales for 3 SPELMAN WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Breckland local authority area for the corresponding sale date. Both of the two 3 SPELMAN WAY sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2021 20 AUG	£240,000	£326,809	27% below HPI
2017 30 JUN	£196,995	£287,231	31% below HPI

3 SPELMAN WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Breckland local authority area over time, sourced from the HPI. The two 3 SPELMAN WAY sales from June 2017 and August 2021 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the June 2017 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the August 2021 sale, where it rises to 27% below the HPI. The line then continues to track at 27% below the HPI.

What might 3 SPELMAN WAY be worth now?

3 SPELMAN WAY might now be worth an estimated £272,034.

This is based on house price inflation of 13.3%, between August 2021 and February 2025, for detached houses, in the Breckland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 13.3% inflationary increase is applied to the most recent sale price for 3 SPELMAN WAY of £240,000 on 20th August 2021. For the value to have increased from £240,000 to £272,034 over the four years and six months to February 2025, the following assumptions must hold true:

• The value of 3 SPELMAN WAY has moved in line with the HPI for detached houses in the Breckland local authority area.
• The August 2021 sale price of £240,000 represented a fair market value for the property.
• The size, condition, and specification of 3 SPELMAN WAY has not materially changed since August 2021.

How Large is 3 SPELMAN WAY?

3 SPELMAN WAY is 81m² according to the EPC inspection conducted in June 2017. This puts it in the smallest 50% of detached houses houses in Narborough, based on EPC data. The below chart shows the distribution of detached houses houses by size in Narborough, and where 3 SPELMAN WAY lies on this distribution: 44% of detached houses houses are smaller than 3 SPELMAN WAY, and 53% of houses are larger. Note that EPC data is not available for all properties in Narborough.

3 SPELMAN WAY: Plot and Title Map

3 SPELMAN WAY sits on a plot of roughly 0.061 of an acre, or 247m². The below map shows the location of 3 SPELMAN WAY, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 3 SPELMAN WAY). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 3 SPELMAN WAY?

3 SPELMAN WAY is located in NARBOROUGH, in the PE32 postcode district. The below map shows the position of No. 3 on SPELMAN WAY.